US Stock In Play: $WAT (Waters Corporation)$WAT rallied a further +8.92% to a new all time high since our last posting, closing at $307.91. The past 4 days of trading session is met with consecutive reduction of price volatility in $WAT, coupled with decreasing session volume. $WAT is currently 91.80% owned by institutions and insiders.
With $WAT remaining well below its peak implied volatility of 2021, the existing price action is stipulating a pause in its existing rally, before a further resumption of shares accumulation by the institutional traders.
$WAT a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe.
Waterscorp
US Stock In Play: $WAT (Waters Corporation)U.S. stocks climbed to record highs on Monday with both the Dow Jones Industrial Average ($DJI) and S&P 500 ($SPX) hitting a new record close. This is on the back of a strong bounce in U.S. job growth and solid data in the services sector raised expectations for a swift economic recovery from the pandemic.
$WAT rallied +3.84% to an all time high closing of $295.65. The bullish momentum witnessed on Monday have $WAT also breaking out of a 7 month structural trend channel, setting sight for further upside in the immediate week.
At the current junction, implied volatility of $WAT remains 25% away from its 2021 peak of $7.80, while $WAT remains merely 1% away from its all time high traded price of $299.
$WAT a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe.